Mike's Blog

Homeowners across the country who refinanced their mortgage with a predatory lender may be able to receive a refund of all of their closing costs and the interest they paid, provided that they act within three years of the closing of their mortgage loan. Thousands of homeowners who refinanced th...

    How far will you go to get the dream home you have always wanted, or the lowest interest mortgage available?  Are you willing to claim assets you do not have, or income that you truly cannot prove to be true? If so, you could be facing a lengthy prison term and a very heavy fine. The moment y...

          If you purchased your home in a sellers market and are trying to sell your home in today's buyer's market, it is highly likely that you will be faced with asking your mortgage lender for some debt for some debt forgiveness in selling your home, otherwise known as a short sale.  Putting ...

                    Most of the properties for sale as Short Sales as well as properties currently in foreclosure are completely unnecessary, so property owners should strongly consider all of their options before taking the steps towards certain financial ruin and seriously derogatory credit. Th...

Homeowners across the country who refinanced their mortgage with a predatory lender may be able to receive a refund of all of their closing costs and the interest they paid, provided that they act within three years of the closing of their mortgage loan. Thousands of homeowners who refinanced th...

    Just when you thought the housing and mortgage crisis was limited to only homeowners, a new victim has been brought into the fray, one who doesn't own a home or have a mortgage. Who are these new, unsuspecting victims? The people who are actually renting homes! Thousands of homeowners (namely...

Consumers "shopping" for a mortgage have taken on a new twist, leading to the creation of an information-sharing network by competing mortgage lenders. In a desperate attempt to secure some forms of mortgage financing, loan applicants have turned to tailoring their loan application and loan docum...

    Getting a mortgage loan approval is about to get a lot tougher beginning in June, as both Fannie Mae and Freddie Mac have opted to toughen underwriting guidelines for conventional mortgage loans as a direct result of the current housing and mortgage crisis. Effective June 2, 2008, revised mor...

The loan approval from your bank or mortgage lender to finance a home purchase may not include many homes for sale in "As-Is" condition, so it is critically important that you recognize this before committing yourself to a purchase contract. Several purchase contracts have failed to close recent...

The loan approval that you receive today could fail to close due to the lack of follow through required by consumers and their loan officers as stipulated directly within the loan approval itself. A loan approval contains several stipulations by a mortgage underwriter that requires the verificat...